1215 Atlantic Avenue

    OCEAN CITY, MD 21842
    • $2,900,000
    • STATUS: Active
    • ON SITE: 9 days
    • ID#: MDWO113008
    $2,900,000
    • 15
      BEDS
    • 0.16
      ACRES
    • 8
      BATHS
    • 0
      1/2 BATHS
    • 6,000
      SQFT
    • $483
      $/SQFT
    Neighborhood:
    Type:
    Single-Family Home
    Built:
    1930
    County:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    This is a rare opportunity to own your lot and building on Ocean's City's famous boardwalk. Large oceanfront lot on the boardwalk. 7,100 sq.ft lot. 6,000 Sq. Ft. of total interior space.This property boasts a rich rental history, with 5 separate apartments, all with the charm of Ocean City, including massive high ceilinged rooms, huge fireplaces, built-ins, fine woodwork, and well-built finishes. 5 units with a total of 15 bedrooms, 8 bathrooms & 5 kitchens.The apartments include 2 oceanfront 4 bedroom/2 bath massive units with oversized great rooms and dining rooms. 1 ground level 4 bedroom/2 bath walkout level with private patio, 1 2-bedroom/1bath lower level with bath 1 one-bedroom carriage house.8 Parking spacesPotential gross income of over $225,000 per year for $175,000 of NOI

    Monthly Payment Calculator



    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Dart Homes | Re/Max Realty Services. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-03-28T23:49:04.367.
    www.darthomes.com/homes/104309563

    1215 Atlantic Avenue OCEAN CITY, MD 21842

    • Price: $2,900,000
    • Status: Active
    • ID#: MDWO113008
    15
    Beds
    8
    Baths
    0
    ½ Baths
    0.16
    Acres
    6,000
    SQFT
    $483
    $/SQFT
    1930
    Built
    Neighborhood:
    None Available
    County:
    Worcester
    Area:
    Direct Oceanfront (80)
    Elementary School:
    Ocean City
    Middle School:
    Stephen Decatur
    High School:
    Stephen Decatur
    School District:
    Worcester County Public Schools
    Property Description
    This is a rare opportunity to own your lot and building on Ocean's City's famous boardwalk. Large oceanfront lot on the boardwalk. 7,100 sq.ft lot. 6,000 Sq. Ft. of total interior space.This property boasts a rich rental history, with 5 separate apartments, all with the charm of Ocean City, including massive high ceilinged rooms, huge fireplaces, built-ins, fine woodwork, and well-built finishes. 5 units with a total of 15 bedrooms, 8 bathrooms & 5 kitchens.The apartments include 2 oceanfront 4 bedroom/2 bath massive units with oversized great rooms and dining rooms. 1 ground level 4 bedroom/2 bath walkout level with private patio, 1 2-bedroom/1bath lower level with bath 1 one-bedroom carriage house.8 Parking spacesPotential gross income of over $225,000 per year for $175,000 of NOI
    Exterior Features

    Architectural Style Other Assigned Parking Spaces 8 Construction Materials Other Direction Faces East Distance To Body Of Water 75 Exterior Features Exterior LightingSecure Storage Garage YN No Location Type Oceanfront Lot Features Landscaping Other Structures Above GradeBelow Grade Parking Features Assigned Parking Types Driveway Pool No Pool Property Condition Average+ Roof Architectural Shingle View Ocean Water Access Features Public Beach Water Access YN Yes Water Body Type Ocean Water Oriented YN Yes Waterfront Features Sandy Beach Waterfront YN Yes

    Interior Features

    Above Grade Fin SQFT 6000 Basement YN No Below Grade Finished Area 0 Below Grade Unfinished Area 45 Cooling Central A/C Fireplace YN Yes Fireplaces Total 2 Flooring Ceramic TileHardwoodCarpet Furnished Partially Heating Heat Pump(S) Heating YN Yes Interior Features 2nd KitchenBuilt-InsEntry Level BedroomWindow Treatments Laundry Type Has Laundry Levels 3+ Main Level Bedrooms 7 Room List 2nd Stry Fam RmBathroom 2 Rooms Total 20 Unit Floors 3 Upper Level1 Bedrooms 4 Walls Ceilings Dry WallPlaster Walls

    Property Features

    Accessibility Features Other Assessment Year 2020 Association YN No Building Name None Available Central Air YN Yes Condo YN No Cooling Fuel Electric Federal Flood Zone Ao-1 Foundation Details Block Heating Fuel None Incorporated City Name Ocean City Navigable Water YN Y New Construction YN No Original MLSNumber 304070094410 Ownership Interest Fee Simple Possession Other Sale Type Standard Senior Community YN No Sewer Public Sewer Structure Design Type Detached Tax Annual Amount 12990.00 Tax Assessment Amount 913100.00 Tax Lot 14 Total Actual Rent 225000.00 Vacation Rental YN No Water Source Public Year Built Effective 2013 Zoning R-3

    Listing courtesy of Thur & Associates.


    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Dart Homes | Re/Max Realty Services. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-03-28T23:49:04.367.
     
    Dart Homes | Re/Max Realty Services
    15245 Shady Grove RD. #100
    Rockville MD, 20850